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Multifamily

Avenue Station Lofts

632 Roanoke Ave, Roanoke Rapids, NC 27870

Listing Price: $825,000

Cap Rate
7.66%
Number of Units
10
Occupancy
95.0%
Price/Unit
$82,500
Price/Gross SF
$110.69
Gross SF
7,453

Investment Overview

Marcus and Millichap is pleased to present this exclusive opportunity, The Avenue Station Lofts, located at 632 Roanoke Ave in Downtown Roanoke Rapids, North Carolina. This 10-unit newly renovated complex consists of four, one-bedroom units, five, two bedroom one bathroom units, and one unit, that has three bedrooms and one and a half bathrooms. The Avenue Station Lofts is well located in the heart of Downtown Roanoke Rapids, just off of Interstate I-95, strategically positioned in between two Capital Cities, Richmond, VA and Raleigh, NC, just 90 miles from Raleigh, North Carolina, and 84 miles to Richmond, Virginia.

Investment Highlights

  • Centrally Located in the Heart of Roanoke Rapids
  • Recently Renovated Historical Property, Ready for Full Stabilization
  • Unique Property with High Demand in a Market with Historically High Occupancy Figures

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Listing Price: $825,000

Cap Rate
7.66%
Number of Units
10
Occupancy
95.0%
Price/Unit
$82,500
Price/Gross SF
$110.69
Gross SF
7,453

Investment Highlights

  • Centrally Located in the Heart of Roanoke Rapids
  • Recently Renovated Historical Property, Ready for Full Stabilization
  • Unique Property with High Demand in a Market with Historically High Occupancy Figures

Investment Overview

Marcus and Millichap is pleased to present this exclusive opportunity, The Avenue Station Lofts, located at 632 Roanoke Ave in Downtown Roanoke Rapids, North Carolina. This 10-unit newly renovated complex consists of four, one-bedroom units, five, two bedroom one bathroom units, and one unit, that has three bedrooms and one and a half bathrooms. The Avenue Station Lofts is well located in the heart of Downtown Roanoke Rapids, just off of Interstate I-95, strategically positioned in between two Capital Cities, Richmond, VA and Raleigh, NC, just 90 miles from Raleigh, North Carolina, and 84 miles to Richmond, Virginia.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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